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FOX Business
Mar 18, 2013 1:00pm EDT
to identity theft, especially during tax season. >> announcer: every year, millions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. your identity needs protection, and no one does it better than lifelock. >> identity thieves steal from everyone. you have to protect yourself. i protect myself with lifelock. >> announcer: lifelock offers the most comprehenve identity theft protection, period. and lifelock ultimate was named "best in detection". lifelock's 24/7 proactive protection alerts you as soon as they detect an attack within their network, before it's too late. lifelock protects your social security number, money, credit, even the equity in your home. while identity theft can't be completely stopped, no one protects you better than lifelock. and lifelock snds behind that with the power of their $1 million service guarantee. you have so much to protect and nothing to lose when you call lifelock right now and try 60 days of identity theft protection risk-free. 60 days risk-free! use promo code: taxrefund. order now and get th
FOX Business
Mar 14, 2013 8:00pm EDT
buffet, a fan of higher taxes on upper income, and government doing more and spending more when he had his druthers he hose to commit whatever money he has, before it goes to you and to you and the foundation and not to u.s. government. >> tells you we have 3 sectors, private sector that biggest. and it phenomenal, anything it could do in terms of the diseases of the rich, the needs of people who can pay it is fantastic, then you have some things like education, justice, where government comes, and helping poor country, philanthropy is only a few percent as big as other sector but they are more willing to take out more far outsidence and new delivery programs there is a commentary rule we're taking your scientists and our expertise, and talks about government programs about what we know and where we have a common view, i'm the biggest fan of philanthropy, because it is almost like the venture capital of societal spending, sometimes you take on things like trying to get teacher to have more feedback and raise average quality, those programs might or might not succeed, this is not the ty
Mar 18, 2013 9:00am EDT
taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of
FOX Business
Mar 18, 2013 4:00pm EDT
from cyprus and concern about deposits being taxed obviously set off worries on wall street abroad and here at home obviously. sandra: opposite end of the spectrum, jcpenney, the retailers, jcpenney a huge rally today, nicole? >> a couple of reasons. isi group talking about the fact that they might turn into a reit-like entity. oppenheimer talking postively about jcpenney. david: apple, apple, even though the market came down i think apple stayed up about 12 bucks. why are they doing so well on the eve the samsung announcement? >> that is pretty amazing. once the news was out about samsung it took away some uncertainty. apple bucked the trend. sandra: best buy seeing a nice top. that was an up stock on a down day. >> best buy, the last quarter was a great one. they got positive analyst comments as well. jpmorgan initiated coverage with overweight rating. [closing bell rings] david: the bells are ringing. we're not at absolutely postively lowest point of the markets but very close to it as we see a down market. dow jones industrials down 61 points on the beginning of this trading we
Mar 20, 2013 4:00pm PDT
shareholders blame for the 7:00's problems. >> 7 on your side tax hot line is underway. here is the number. irs and california society of enrolled agents and united way are standing by to answer your questions. >> plus, fresh fish you won't find in a couple bay area supermarkets could signal a seafood change. after 4:30... >> rivalry between apple and samsung is intensifying including construction of a gleaming new headquarters. i'm david louie. we'll have the story still to come. >> at 410 a live look at traffic. this is the skyway. it's a usual bumper to bumper crawl. left to right traffic is go together lower deck of the bay bridge a little bit better for folks on the righthand side of the screen. back wit >>> two big supermarkets market chain as nounsd they're staying away from so called franken fish. trader joes says i it will not sell a new type of genetically modified salmon. it's a cross between an atlantic and pacific salmon. this video shows kit grow twice as fast as regular salmon and fda says it won't cause health problems or harm the environment. critics say it could threaten other
Mar 13, 2013 5:00am EDT
to try to evade this 24% capital gains tax on second houses. >> a great point and one that reminds you of bubbly periods from other markets around the world like the u.s. maybe within the last couple of years and demand is usually a sign that the market is off kilter. thanks very much this morning. >>> and market reaction to that was broadly a sell-off across asia and now turning to russia, president vladimir putin has chosen a woman to be head of the national bank. she served as economy minister from 2008 to 2009 and the first female central banker for a g-8 country. she'll take over from an inflation fighter. it should happen in june. the appointment raised questions about the central bank's independence and concerns kremlin will push for looser policy. we want to know what you think of the measure. is it a significant one for females, for the g-8 or for russia's monetary policy. send us your thoughts here. if you are just joining us, these are your headlines. italy prepares to test bond markets with its first long-term auction since a rating downgrade from fitch. spanish retail gian
FOX Business
Mar 19, 2013 1:00pm EDT
melissa: welcome. i'm melissa francis. lori: i'm lori i i rothman. voting to delay a tax on the bailout, and now there's reports the finance minister is stepping down. we have reaction with the trading president, the former cypress trade representative to the u.s.. he'll be joining us. >> treasury secretary jack lew meeting with the chinese president on the agenda of growing concerns about china ease role in cyber attacks. melissa: targeting seg represents in new york a week after a judge rejected the ban on large drinks. we get the verdict with the judge andrew going after soda, ear buds, cigarettes, what's next? seriously. lori: only can guess. it is back down to the floor, new hour here on "markets now," and i know cypress is driving action again today. >> it is. we are seeing headlines that the president will be talking with angela merkel, obviously, another development pertaining to what we see in cypress, which then, obviously, really rules the e.u. markets and our markets here at home. yesterday, for example, we lost a lot of money in the global market with all the
FOX Business
Mar 15, 2013 1:00pm EDT
industry takes a hit with higher taxes and more americans quitting is investing too much to risk? we have robert gray off. >> good afternoon. fewer americans are smoking all the 19 percent are smokers and the price of cigarettes have more than doubled. see may not expect to see that over the past decade decade, the big tobacco producers philip morris -- will morris here in the u.s. and others outdistance the s&p 500 when they reinvest the dividends and one statistic to jump out come over the past five decades is a paltry a group take a look returning almost 20% per year. 840,255% thank you to s&p four crunching the data. there are a lot of risks involved their steady dividend payers but bell have fairly large debt loads we know about litigation risk and regulation and we will talk about that the next hour with a face is in california. back to you. melissa: what is business without wings? we have the efforts of expanding the hooters brand spirits this is what a down day looks like. back at the new york stock exchange down 40 points. lori: carnival faces another problem with one of the ship
Mar 19, 2013 1:00pm EDT
with the plan to tax the bank accounts over there in cyprus. they are going to take a big hit. what might the russians do in response? you might not want to know. >> now, it was one of the hottest real estate markets in the united states and then one of the coldest. once again, it is hot. there is no room at the end or the condo. sue, doesn't miami sound pretty good right about now? >> it sounds so good right now. it's raining again in new york city. you mentioned at the top of the show, cyprus moving the markets up and down. new headlines from cyprus forced a selloff on wall street. we have recovered some of the those losses. we are still down 39 points, though. parliament is meeting now. bertha coombs is monitoring that from the breaking news desk. hi, bertha. >> they have been in session for about an hour now. they are expected to go at least another hour. here are the headlines as we've had them this morning. they are debating this bailout proposal and to a man so far, they are all saying no. the governing party, apparently, has prepared a one-day postpone meant on the vote because at
FOX Business
Mar 13, 2013 9:20am EDT
the president is not winning the battle handsdown. today we get the democrats trillion dollar tax hike plan and wait for it, stocks will be up again. okay retail sales, yes, stocks up again. here we go. "varney & company" is about to begin. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. weike this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades whenou open an account. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making
FOX Business
Mar 13, 2013 8:00pm EDT
could maul your paycheck. why democrats could jump at more tax hikes. tech kyes awaiting the next big product from samsung, the hype over the new galaxy s4 that's proof apple needs to watch its s. ♪ dad, i'd put that down. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pu lte bui. the most consistt speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing? neil: a new pope, a new record high. curious? the dow hit an all time high, 7th straight day, longest streak in 26 years. markets up, retail sales up, all of this despite taxes going up, and, today, democratic senator, patty murray announced a budget to ramp tax revenue even more up. would more tax hikes see all the good numbers crash down? let's ask. what do you think? >> well, yes, as will spending cuts. i hope the u.k. austerity britain since 2010, tried to reduce the de
FOX Business
Mar 13, 2013 11:00pm EDT
maul your paycheck. why democrats could jump at more tax hikes. tech kyes awaiting the next big product from samsung, the hype over the new galaxy s4 that's proof apple needs to watch its proof apple needs to watch its s. the capital one cash rewards card gives you 1% cash back on all purchases plus a 50% annual bonus. and everyone wants... ♪ 50% more doo wop ♪ 50% more buckarooooooooos ♪ 50% more yeeeaaahhhh!!!! ♪ 5 more yeah yeah [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ 50% more boog ♪ what's in your wallet? cashhhhh!!! ♪ what's in your wallet? at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery we do whatever it takes to make your business our business. od. helping the world keep promises. il: a new pope, a new record high. curious? the dow hit an all time high, 7th straight day, longest streak in 26 years. markets up, retail sales up, all of this despit
Mar 13, 2013 3:00am PDT
's not going to happen. you talk about a trillion dollars of new taxes for patty murray that is unlikely to happen. where is that middle? >> it's going to take the president to forge and find the middle, which is why, again, i echo the points made at the beginning of the show and to mike's point about the weirdness of the town, there was a time when this was not weird. you come from one of the great states and one of the great leaders who helped create this environment, the great tip o'neill understood you had to work with both sides. >> and teddy kennedy. >> no doubt about it. the most productive leader was teddy kennedy in the senate and not only washington. it takes the president to unthaw this. he is going to probably take as many arrows as you said before from the democrats as he will republicans. there are democrats who are staunchly opposed to spinning discipline around entitlement. >> can i say it's actually nice? because this president really hasn't crossed his base a lot the past four years. it's nice for me to be able to say to republicans, who say i think legitimately say he
FOX Business
Mar 16, 2013 3:00am EDT
goeover 90 percent growth falls by 1%. you sacrifice gdp growth trying to up to people who love tax revenue. you will get less tax renue when the economy is smaller. this is something that the market understands. they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-ctury. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting t nail on the head. the fact that everything investors are seeing that we had a sequestered.
FOX Business
Mar 14, 2013 1:00pm EDT
: that companies from lost tax revenue because the economy is smaller? is that where you're getting the number from. >> yes. a mere 1% growth loss over time is huge impact on the economy and our ability to pay our bills. melissa: now you say this testimony is empirical. that is right in front of us and quantitative and not sub executive and people have to pay attention to that. that is not the case when you present it to the democrats and the president. they say cutting back on spending now would damage growth and the economy and cost us jobs in the short term. how do you respond to that? >> well, basically what the witnesses today said, for the most part, is that congress and the white house is making progress on discretionary spending, more can be done. but they really felt, the focus needs to be on how we make social security, medicare, medicaid, solvent over the long time. there was one other area of treatment. asked, given the obamacare taxes that have kicked in, the new taxes from the fiscal cliff, absent fundamental tax reform, would raising taxes again be helpful to our economy? no one agre
Mar 18, 2013 4:00am PDT
, was reportedly looking at real estate opportunities on the island. a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds. his fund released a statement last friday that indicates he has no plans to permanently relocate. survey says... mark zuckerberg is a top ceo. zuckerberg topped's list of top ceos of 2013. ceos from sap, mckinsey & company, ernst & young and northwestern mutual rounded out the top five. meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,00
FOX Business
Mar 14, 2013 9:20am EDT
with spending and tax increases. on the other end of this how do you suggest that president obama somehow come and meet him in the middle? >> i'm not sure the budget is coming out of the house as much as any new revenues to solve the budget problems. by the way, i think we could learn something from the vatican if you lock everybody in a room with 500-year-old plumbing, we might get a deal here. charles: you know what? i tell you what, i'm for it. i thiik that's the most bipartisan thing that will be said all day long. on the budget situation, you know, it's interesting because obviously the president has taken a different tact here recently going into the sequester deal and sort of went to the people to make his case and the country's not falling apart. sequestration might have been a ploy, if you will, to sort of put the g.o.p. in a box, but seems to be working against the president and might be changing the whole tenor of this debate. >> well, i think the issue on sequestration, i think the president did sort of overestimate the effects and what i'm seeing is that it's having serious effect
Mar 19, 2013 3:00am PDT
. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in this country. i just saw the statistics, something like 70%. and here in california, i'm just going to say, liberals, you could actually lose me. it's outrageous what we're paying. over -- i'm willing to pay my share, but yeah, it's ridiculous. >> and not only that -- >> wow. >> people like bill maher pay 55% in california, people in new york pay over 50%. in new jersey, why is a republican sitting at 70% plus appro
FOX Business
Mar 18, 2013 3:00pm EDT
in response to cypress' plan for a deposit tax. now it seems like we're shrugging off those headlines. now, shares of hewlett-packard and verizon are helping the dow recover some grounds after upgrades from morgan stanley. verizon actually hitting more than an 11.5-year high today. there's the stock, up 87 cents, 48.89, as you can see on your screen. we're not getting any help from financials today. it's the worst performing sector following suit with some of these european banking counterparts. check out some of these euro financial names that are actually trading here in this country. they're getting knocked down. royal bank of scotland, create suisse, deutsche bank, ubs, war clays, all -- barclays, all of these stocks substantially lower in this country. s&p 500, we are still within striking distance of the record high despite moving lower today, the s&p down more than almost five points as you can see on your screen. is it going to happen this week? are we going to get that big number? we're looking for 1565.15. so close. as always. let's get right to our floor show. we've got traders
Mar 19, 2013 4:00pm PDT
tax on 350 rooms for nfl staff. waiving the 10% ticket surcharge going towards debt service on the stadium and waiving a fee funding seen skbrer youth programs and waiving a parking fee covering what the city spends on police, fire and traffic control services. no one2ouc!!rvñ calculated publc safety costs oo. it was our intention to make sure we walkway putting on a great show. and making sure we come out whole in this process. and being reimbursed in efforts. >> the tax waiver sounds like a concession but let's crunch the numbers. 350 rooms are involved. the tax is $14.25 translating into a $5,000 loss per night. hotels say they'll be booked. there are 2300 hotel rooms within two miles of the stadium. the totel tax on the rooms would offset the tax break. the hilt n onsanta clara sits adjacent to the new stadium and general managers have seen impact of the super bowl. >> i did the super bowl. it was rams and titans and that gave us a record month, far and away, crushed any numbers that hotel had done in the past for the month. >> seniors and young people facing a small ri
Mar 19, 2013 9:00am EDT
and the latest deposit tax scheme. happy anniversary, apple dividend and it was a year ago when the tech giant announced its dividend in 17 years. will apple succumb to the bigger payout as it faces stiffer competition from samsung. lululemon doing the downward facing dog with the transparency with the iconic black yoga pants prompting the retailer to cut sales guidance and boeing clinches an order from ryanair. of course, we begin with the markets. the dow and the s&p 500 hoping to avoid their first three-day losing streak of the year. wall street will be paying close attention in about three hours from now. that country's parliament scheduled to vote on a proposed tax on bank deposits and the controversial measure appears set to go down in defeat. here in the u.s., policymakers begin a two-day meeting in which they're expected to hold current policy. this is one of the meetings where we will get a press conference and people will be hanging on every word and every use of every adjective coming out of the fed chairman's mouth. are you expecting anything? >> i think that, frankly, we are looki
Mar 15, 2013 5:00pm EDT
words, we kind of had an inkling on why the timing. my question is, what about the tax? one of the reasons for why they haven't given back this cash to investors is because they repate yated from overseas and they are going to be whacked by the tax man. >> that's right. unfortunately, a ton of this cash is overseas. now, apple has an embarrassing amount of cash, but there's a reason for that. they are going to take a tax hit if they bring it back. one thing. if they give a big special dividend, then, i think you have to say that steve jobs has left the building. he is no longer the sort of visionary that they're trying to play to. they've said that steve jobs era is certainly over and they're going to have to give cash back. i think that apple shot too far to the upside. it's going to shoot too far to the down side. but it's actually not that far off its low. i'm not certain that given that, you know, a dividend is a cash. it doesn't do anything for you. >> there's enough cash that they could give 20 bucks a share in the u.s. would imposing that tax. i think that's -- that's
FOX Business
Mar 15, 2013 9:20am EDT
's budget gridlock in washington and higher taxes on the horizon and exploding government debt. we'll have the angles, good and bad because on "varney & company" we keep it real and we're about to begin. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-cond stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ]'ll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> good morning, "varney & company" viewers. today is friday, march 15th and while it's the same story from lawmakers in washington, gridlock on the budget. we've got two different visions of the way the country should be. the main theme from the democrats, tax the rich and lawmakers of course
Mar 15, 2013 6:00am PDT
trillion dollars in new tax revenues over the coming decade. >> gun control advocates scored a big victory on the assault weapons ban, but not without emotional fireworks between lawmakers. the senate judiciary committee has approved an assault weapons ban that was proposed by california senator dianne feinstein. as she was clearly angry when a matter member of the two- party and senate colleague tried to scold her about the constitution. >> it seems to me that all of us could be seeing are foundational document as the constitution. >> i am not a sixth grader. i have been on this committee for 20 years. i was a mayor for nine years. i walked in and saw people shot. i saw the bodies that were shot with these weapons. i have seen the bullets that and closed. sandy hook youngsters were dismembered. >> the measure now goes to the full senate for consideration. it is plan to be a tough fight because of opposition by the nra and an expected filibuster by republicans. feinstein as hoping president obama can help fight for the ban might present ended firmer bill back in the '90s. the president has
Mar 15, 2013 4:00am PDT
to stay alert. register's tax offender charles christensen has moved into the neighborhood on will pass road. he has committed several sex crimes against children and is considered a sexually violent predator. if the second sex offender to move in the area and parents are wary about their children's safety. >> this the second time this happened the first time we did not do anything i do not know if we will be able to do the thing this time. >> my granddaughter is 6 and she is smart and intelligent. i showed her the picture and told her exactly what it is. he is a sex guide, a dirty guide. if you ever see him run the other way. >> parents from local elementary are reportedly planning a protest for later today. will let you know if that happens. >> we will take a break. >> it is 4:08 . we will have more headlines. we are following weather and traffic. >> everything is fine as the span of the san mateo bridge although there is reports of a similar by 580 near livermore. >> if you are in the area or 580 is part of your commute you may expect delays live this morning. we will keep you update
Mar 16, 2013 12:00am PDT
not on a sustainable fiscal path because of the tax cuts because of the unpaid four wars because of demographics. so we need to do two things at once. we need to support the economy in the short run, investorring in infrastructure putting construction workers back to work, making america important competitive in the future and also address the problems causing a long-run deficit which are healthcare rapidly growing healthcare costs. we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars ov
FOX Business
Mar 14, 2013 11:00am EDT
because the budget patty murray propose has 975 early in in tax increases, 977 in tax cuts. paul ryan's budget by contrast has $4.6 trillion in spending cuts, these two are a long way apart. connell: it doesn't seem like something like that would actually happen. >> there is a lot more, so long as the president will publicly commit himself and liberate the democrats in the senate to carry forward on some of the spending cuts, i don't see it happening. dagen: the president and the democrats have firmly stood beside any excuse, the impact government spending has an economic growth, which you have found a load of economists that he says that you can write your deficit, you can right the deficit. it doesn't involve massive tax increases and you have to cut spending. speak of the democratic idea is if you increase public spending it revived the economy, that is the kantian idea. he is an economist and he is well known in the circle, he and his colleagues spending the last 10 years looking at 17 countries and what they have done with the budget over 30 years, they simply wanted to find out
Mar 14, 2013 5:00pm PDT
on refunds and time now running out to claim the mb. irs holding $917 million in unclaimed tax refunds. if you forgot to follow a return you could be entitled to part of the money. you must file by april 15th of this year or the money goes back the u.s. treasury for good. many on the list are low income taxpayers not required to file returns but already entitled to a tax refund. >> if you're due a refund there is no penalty. >> file the paper work. >> yi. >> thank you. >> thank you. >> sandhya patel has been looking for rain out there. >> everywhere. >> where is it now? cheryl, dan, yes, rain is in the future but we're going to get you through the weekend with dry weather and changes will come. so you do have a nice dry weekend for st. patrick's day. as you look at live doppler 7 right now you'll notice there is cloud cover. we have mid and high level clouds just streaming overhead but those are not rain clouds. rain holds off until next week. there is a chance of snow looking at heavenly. san francisco, 54 now, san jose, 68. temperatures cooler today, low 50s to mid-70s. you can he cl
Mar 13, 2013 6:00am EDT
. it will call for about $1 trillion in new revenues by closing tax loopholes and about 1 trillion in spending cuts at the same time but no structural changes to medicare and the question is will that get -- do either of these plans get anybody anywhere or is everyone talking to themselves? >> they're talking to themselves. we discussed it yesterday. in the last negotiations you still have the fact there are republicans who think that the republicans gave too much and then there are democrats who think that the democrats didn't get enough. so you have those clashing interests. >> i think what happened in january kind of derailed everything because by having these incremental advances instead of a grand bargain throws off the possibility that you do get the grand bargain. you see both sides digging in making sure they respond to their base saying the types of things that their base wants to hear. >> there's a good piece in politico. i don't know if you saw it that michael allen wrote that really sort of walks through why the grand bargain may never happen and i think -- i don't know if it's ben
FOX Business
Mar 13, 2013 9:00pm EDT
that premiums for some could double. twenty new taxes are being implemented and you may not get to see a doctor the next time you're sick. if you can get past all of that, it will take a really long time to apply for coverage if you don't get from your employer would choose not to. the process is as daunting as doing your taxes, the government application is 15 pages long. it ain't going to be that fast that payments. the online application process has 21 steps, some of those steps have more than one question. the department of health and human services estimates it will take you a half hour to complete the online application. forty-five minutes to fill out the paper version. if your household income has changed over the past year, you'll have to apply based on your latest tax return. and in the same turn, you have to predict what your income will be in 2014. in other words, you must provide loads of documentations. and if you or your spouse decide not to take your employer offered insurance, the questions will be plenty. once you have filled out the forms, the red tape is just getting started.
Mar 15, 2013 4:00am PDT
easily. >>> this one is important here. the irs has nearly a billion dollars in unclaimed tax refunds money owed almost a million taxpayers who simply never filed returns for 2009. >> the deadline is april 15th or the government gets to keep the money and california has the biggest chunk of these unclaimed refunds. >> i don't understand that. i want my money. >>> get on the phone with the irs. >> gimme. >>> when we come back, an ominous start to a weekend music festival down in miami. injuries after a huge screen collapses. >>> and the hail mary pass that worked. and now a young girl can get back on the gridiron. we'll be right back. see life in the best light. outdoors, or in. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little better. visit your eyecare professional today to ask about our newest lenses, transitions vantage and transitions xtractive lenses. experience life well lit. ask which transitions adaptive lens is best for you. [ male announcer ] every time you say no to a cigarette
Mar 15, 2013 4:00am PDT
responsibility in terms of infrastructure but also in terms of reforming our tax code." lew also talked about reducing the deficit in a balanced way while meeting with local business leaders in atlanta. after only two days on the job, pope francis is proving to be a "pope of the people." the pontiff performed his first mass inside the sistine chapel yesterday, with an off-the-cuff homily about the need for compassion - that's after giving up his limo to take the bus and paying his own hotel bill. pope francis is from argentina and is known for his humble lifestyle. among his tasks that await: cleaning up the vatican's finances. "one of the concerns of the church, the governance of the church in the west, is sexual abuse and the finances of the church. in the south, it's what is the role of the church in combating social ills, especially proverty?" kevin stevens of depaul university adds that although men dominate leadership in the catholic church, it's women who carry much of the workload in caring for the congregation and poor. working moms want more. according to pew research, in 2007, 21%
Mar 15, 2013 10:00am PDT
-fifth of our income in taxes to the federal government each year. but the federal government has spent a lot more. so our budget matches spending with income. >> again, mitt romney is to speak this hour. his first since losing the presidential race. we'll go there live as he starts talking. but first let's bring in our brianna keilar who is at the conference in maryland. so, brianna, this is romney's first speech. highly anticipated. >> reporter: highly anticipated his first major speech, fredricka, since his loss in november. we saw him give an interview recently to fox news channel. but as you can imagine it's very different i think sitting down one-on-one with someone versus being here in an auditorium of so many people, literally could be thousands of people watching him here in national harbor, maryland. we're told by a source familiar with what he's going to say that his comments will be personal and that they will be forward looking. obviously his campaign -- he and his campaign weathered a whole lot of criticism for the loss in november. so it will be really interesting to see how he
Mar 13, 2013 12:00pm EDT
. >> right. >> because of the payroll tax, sequester and whatever else you want to throw on the table. so what do you do right now? >> i think it's supportive of what we continue to see, which is the data continues to be a little bit better. maybe it's not extreme, but it's a little bit better every time we get new data. when you're looking across and wondering which areas of the market do you think moved to the upside, i know stephanie will talk about the discounters, so i won't go there. i like those name, particularly tjx over ross, because of the effects they've got. how about names like whirlpool? you can get involved in the housing side of this thing. the consumer-spending side, some of the rehabs we see going on and international play with latin america. i look at a lot of the name, the earnings growth, power, i see a lot of different areas you can profit from. >> i want to know what stephanie link thinks about what we got today, what it means for the rally, and what you're doing as a result of it. >> so the consumer is doing better because housing prices are up 8.3% acore to core
Mar 13, 2013 7:00am PDT
. >>> 7:11. an informal survey shows people who live in antioch support a tax to pay for more police. the city council is considering three different ways to boost the city's ability to police itself. one would be a sales tax although the exact amount of the tax is unclear so far. another would be a $240 a year business license tax. there's also a proposal for a tax on landlords. any tax measure would likely be on the november ballot. >>> it is 7:12. the number of cyber attacks is rising tickly. who is behind -- rising quickly. who is behind most of them and what the president is doing about this problem. >>> hailed as a hero. why a british man who battled a shark, you can see here, to save children has now been fired from his job. degrees of smooth for goddess skin you can feel and feel. ♪ i'm your venus ♪ only from venus embrace. the rule is whenever i get something new, i have to get rid of something. shop like a fashionista. today i got these amazing designer heels. save like a maxxinista. what to get rid of this time? designer brands at t.j. pric
Mar 13, 2013 7:00am PDT
live in antioch support a tax to pay for more police. the city council is considering three different ways to boost the city's ability to police itself. one would be a sales tax although the exact amount of the tax is unclear so far. another would be a $240 a year business license tax. there's also a proposal for a tax on landlords. any tax measure would likely be on the november ballot. >>> it is 7:12. the number of cyber attacks is rising tickly. who is behind -- rising quickly. who is behind most of them and what the president is doing about this problem. >>> hailed as a hero. why a british man who battled a shark, you can see here, to save children has now been fired from his job. degrees ofh for goddess skin you can feel and feel. ♪ i'm your venus only from venus embrace. for goddess skin you can feel and feel. ♪ i'm your venus the rule is whenever i have to get rid of something. shop like a fashionista. today i got these amazing designer heels. save like a maxxinista. what to get rid of this time? designer brands at t.j. prices. t.j.maxx. >>> dense fog advisory posted across
FOX Business
Mar 14, 2013 12:00am EDT
. forget balance. how about a hefty helping of tax hikes? we'll talk to a ranking member. house budget committee, chris van hollen for reaction. even when they say it is not, it is always about money melissa: our top story tonight, there is no stopping the wall street rally. the dow closed at a record high for the 7th day in a row at 14,455. so what are you doing about it? where is your money right now? today's power panel is here with what the average investor should be making of all this lance roberts, chief economistnd ceo of street talk advisors. spencer patton, chief investment officer at steel vine investments. you recognize jonathan hoenig, he is portfolio manager manager at capitalist and fox news contributor. thanks to all three of you for joining us. lance, let me start with you. the average person is watching this and hearing record, record, record. saying what am i missing? what are they missing? >> well obviously they're missing the market going up but there is kind of this assumption that the average investor has been out of the market three years, four years now
FOX Business
Mar 14, 2013 3:00pm EDT
of corporations to lobby about a pro-business agenda like lower taxes and things of that nature. cheryl: you been covering him for years. are you surprised that a white blank fine of all people would respond to this type of pressure? >> reporter: not really. if you know the times. this is stored of becoming a more and more. you will see much more of this because these political -- these unions, mainly unions with pension funds, the aclu owns one share of goldman's stock anything they can go out there and turn the screws at the annual meeting. they will do more of this in the future. what they will do is try to sort of knew there. okay. everything. neuter the ability to lobby for a pro-business agenda which generally includes more right of center causes as opposed to left-of-center causes like lower taxes. i can tell you, is something fascinating. you don't really see these companies advocating right of center social. cheryl: it is surprising. thank you very much. all right. you will be around tomorrow for the business of adult entertainment. great. >> reporter: i might have a story. i'm not kiddi
FOX News
Mar 14, 2013 2:00am PDT
plan to raise taxes almost a trillion dollars over the next decade are simply a deal breaker. >> i love to hear the president's answer as to why he doesn't believe we have a debt crisis or why he doesn't believe we have a spending problem. >> there is the matter of the white house tours. who ordered them closed for budget cuts. the white house initially said it was the administration's call. the president then claim blames the secret service. leaving it to white house spokesman jay carney to explain. >> the secret service made a decision about the budget and with draw personnel from tours. we had to cancel the tours. it's our job to cancel the tours. >> the decision has caused all kinds of headaches for the white house which may now have to reopen the dours on at least a limited basis. even the lib berled toreial page of the "washington post" reopened the white house doors. they call this the equivalent of bureaucratic hostage taking. >> thanks, doug. >> it is time now for your 5@5:30. the top five stories making news at this hour. more than 800,000 of your tax dollars were spent on a l
Mar 19, 2013 6:00am PDT
tax for employees and teams. and two ticket surcharges on the super bowl and dropping added parking fees. this will cost santa clara at least $6 million. >> this is a really great effort. we'll be able to highlight everything from the golden gate to silicon valley. and right in the epicenter of it, during the game and before and after the game, will be santa clara. >> reporter: tonight, the city council will hold a special meeting to vote on the resolutions. the mayor says he is confident the council will be supportive. the bidding process is between santa clara and miami. the league will make its final announcement on may 22nd. live in santa clara. >> exciting stuff. >>> it's also a big day for the st. mary's men's basketball team. the gaels, battling for a spot in that big dance during a play-in game. that takes place in dayton, ohio. the gaels taking on middle tennessee at 6:10 our time. the winner, getting an 11th seed in the midwest region. you are all fired up. >> i am. don't bother me at 6:10 tonight. there you go. maybe i'll tweet a little bit. >>> coming up, first, a walkou
Mar 13, 2013 9:00am EDT
indicating maybe the consumer is not feeling the pinch of higher taxes. meantime, coach popping pre-market on an upgrade from city. as a new report shows that it has been outspending apple in advertising to clench the market share gains it has seen. >> one step closer to getting the 787 back in the skies. the nefaa, a step to ending the two-month long grounding. >> we begin with the markets, by the skin of its teeth, the dow extending the winning streak and posting a record high close for the sixth consecutive day and the s&p closed higher despite hitting fresh five-year highs during yesterday's session. >> the bright spots here is what we saw managed to close higher yesterday were cyclical areas, semiconductors, energy and we had health care participating in that rally and bristol-myers. 11-year highs on that one. >> they screwed up badly and they bought a drug, not unlike glaxo they had, and it was red wine derivative drug and they fell. i will point out that the macarena is central to the thinking. >> really? >> because i went back and looked at this period november 1996 and was
FOX Business
Mar 15, 2013 4:00pm EDT
? that would be two different types of gamblers. higher taxes and gas prices could spell trouble for cities that do rely on casino resorts. coming up tonight at 8:00 on "cavuto" talk about challenges e facing. david. david: good stuff. ♪ . i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low costnd tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackro. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. david: time for a speed read, some of the day's other headlines, five stories, one minute. pentagon spends one billion dollars a year in a program that sends up employment to troops that left the military voluntary little. the program has risen more than $600 million over the last ten years. >>> toyota is recalling 310,000 fj-cruiser
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